Revealed: Two-thirds of small businesses would now vote Remain after profits hit by Brexit
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Two-thirds of small businesses would vote to rejoin EU after Brexit blow: survey
- A new survey by Critical Research indicates 66 per cent of UK small and medium-sized enterprises (SMEs) would now vote to remain in the EU, an increase from 53 per cent in 2016.
- The change in sentiment among SMEs is largely due to post-Brexit regulations and increased red tape harming their profitability.
- 65 per cent of surveyed businesses reported that heightened demands for trade regulation compliance have significantly impacted their overall profits.
- More than half (56 per cent) of SMEs believe that Brexit has directly reduced their competitiveness in the global market.
- A report suggests that recent discussions between Keir Starmer and the EU aimed at reducing red tape could potentially ease administrative and cost burdens for UK businesses.